Nev. Rev. Stat. § 165.1201 – Applicability to testamentary trusts; general duties of trustee | Midpage
§ 165.1201
Nev. Rev. Stat. § 165.1201
Applicability to testamentary trusts; general duties of trustee
Effective Oct 1, 2015(Added to NRS by 2015, 3556)
1. Except as otherwise provided in this chapter, the provisions of NRS 165.1204 apply to a testamentary trust.
2. Except as otherwise provided by the will creating a testamentary trust or by a court order, until the termination of a testamentary trust, the trustee shall account for the income and principal of a testamentary trust in the same manner as required by a trustee of a nontestamentary trust pursuant to NRS 165.1201 to 165.148, inclusive.